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ECB will stay the course of rate hikes, Lagarde says

ECB will stay the course of rate hikes, Lagarde says
ECB will stay the course of rate hikes, Lagarde says Copyright Thomson Reuters 2023
Copyright Thomson Reuters 2023
By Reuters
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- The European Central Bank will continue raising interest rates and leave them in restrictive territory for as long as it takes to bring down inflation to its 2% target, ECB President Christine Lagarde said on Thursday.

"We shall stay the course until such a time when we have moved into restrictive territory for long enough so that we can return inflation to 2% in a timely manner," she said in a panel discussion during the World Economic Forum.

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